West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,535 shares of the company’s stock after purchasing an additional 604 shares during the period. Northwest & Ethical Investments L.P.’s holdings in West Fraser Timber were worth $2,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of West Fraser Timber by 22.5% during the third quarter. FMR LLC now owns 1,447,823 shares of the company’s stock worth $141,047,000 after purchasing an additional 266,298 shares in the last quarter. Manning & Napier Advisors LLC increased its position in shares of West Fraser Timber by 14.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company’s stock worth $73,830,000 after purchasing an additional 109,447 shares in the last quarter. Vontobel Holding Ltd. increased its position in West Fraser Timber by 6.3% in the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company’s stock valued at $52,565,000 after acquiring an additional 35,855 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in West Fraser Timber by 60.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,247 shares of the company’s stock valued at $27,453,000 after acquiring an additional 119,841 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in West Fraser Timber by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 305,316 shares of the company’s stock valued at $29,777,000 after acquiring an additional 4,945 shares during the period. Institutional investors and hedge funds own 40.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank dropped their price target on West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, February 18th. Raymond James dropped their price target on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, TD Securities dropped their price target on West Fraser Timber from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $106.00.

West Fraser Timber Trading Down 0.4 %

NYSE WFG opened at $77.19 on Friday. The business’s 50 day moving average is $82.61 and its two-hundred day moving average is $89.20. West Fraser Timber Co. Ltd. has a 12-month low of $73.91 and a 12-month high of $102.40. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of -367.59 and a beta of 1.23.

West Fraser Timber (NYSE:WFG) last released its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. Equities analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, March 14th. West Fraser Timber’s dividend payout ratio is currently -609.52%.

West Fraser Timber Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.